FORM 'G'
FORM OF INDEMNITY BOND
[See Rule 12(2)and 12(9)]
KNOW ALL MEN BY THESE PRESENTS THAT 1I................................................ s/o............................................................................. registered dealer under the Central Sales ax Act, 1956 under Registration No. ........................................... dated.................................... in the State of .................................. ./1We /M/s ..................................................... / a 1firm / 1a company registered under the laws of Indian and having its registered office at ................................................ Registered dealer under the Central Sales Tax Act, 1956 under registration No. ......................................... in the State of ............................................... (hereinafter called the Obligor) 1is / 1are held any firmly bond unto the president of India /Governor of .................................... (hereinafter called the Government) in the sum of ........................................... (Rupees ...........................................................) well and truly to be paid to the Government on demand and without demur for which payment to be well and truly made 1I bind myself and my heirs, executors, administrators, legal representatives and assigns / 1we bind ourselves our successors and assigns and the persons for the time being having control over our assets and affairs,
Signed this .......................................... day of ...................................... one thousand nine hundred and ...............................................
WHEREAS sub-rule (2) of rule 12 of the Central Sales Tax (Registration & Turnover) Rules, 1957 requires that in the event a blank or a duly completed form of declaration is lost while it is in the custody of the purchasing dealer or in transit to the selling dealer, the purchasing dealer and as the case may be also a selling dealer each to furnish an indemnity bond to, in the case of purchasing dealer, the notified authority from whom the said form was obtained and in the case of a selling dealer, the notified authority of his State.
AND WHEREAS the Obligor herein is such 1purchasing dealer / 1selling dealer.
AND WHEREAS the Obligor has lost the declaration in 1Form C/ 1Form
F / 1the certificate in 1Form E-I / 1Form
E-II, bearing No. ........................... 1which was blank / 1duly completed, and was issued to him by
............................. (name and designation of the authority) ........ 1which was issued to him by
....................................... (name and designation of the authority)
........................ and sent to
................................................. (selling dealer) / 1received by him from
......................................................... (name of the
purchasing dealer) and sent to
............................................... (notified authority of the
selling dealer's State) in respect of the goods mentioned below
(hereinafter referred to as the Form).
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No. of Bill /Invoice /Challan |
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Description of Goods |
Quantity |
Amount |
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Now the condition of the above written bond or obligation is such that the Obligor shall in event of a loss suffered by the Government or the authority appointed for the purpose shall be final and binding on the Obligor) as a result of the misuse of the Form, pay to the Government on demand and without demur the said sum of Rs. ......................... (Rupees................... ......................................... (in words) and shall otherwise indemnity and keep the Government harmless and indemnified against and from all liabilities incurred incurred by the Government as a result if the misuse of such Form. THEN the above written bond or obligation shall be void and of no effect but otherwise shall remain in full force, effect and virtue. The obligor further undertakes to mortgage /charge the properties specified in the Schedule hereunder written by execution of proper deed of mortgage /charge for the payment of the said sum, 1whenever called upon to do so by the assessing authority.
SCHEDULE
(GIVE DETAILS
OF PROPERTIES MORTGAGED /CHARGED)
AND THESE PRESENTS ALSO WITNESSETH THAT the liability of the Obligor hereunder shall not be impaired or / discharged by reason of any forbearance, act or commission of the Government or for any time being granted or indulgence shown by the Government, or by the Obligor is not an individual.
The Government agrees to bear the stamp duty, if any chargeable on these presents.
IN WITNESS WHEREOF the Obligor 1has set his hand / 1has caused these presents executed by its authorised representatives, on the day, month and year above written.
Signed by the above named Obligor.
In presence of;
1.
2.
............................................
Obligor's Signature
Accepted for and on behalf of the President of India / Governor of ................................................. by name and designation of the Officer duly authorised in pursuance of Article 299(1) of the Constitution, to accept the bond for and on behalf of the President of India /Governor of .....................................
In presence of;
1.
2.
.........................................................
Name and Designation of the Officer
1. Inserted by GSR 962-E dt. 30-12-76 published in Part -II section 3(i) of the Gazette of India Extraordinary dated 30-12-76.